Police arrest seven over ‘HK$110 mn investment rip-off’

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Police arrest seven over ‘HK$110 mn investment rip-off’

Police arrest seven over ‘HK$110 mn investment rip-off’

Police acknowledged they bear arrested seven participants for his or her suspected involvement in an investment rip-off moving HK$110 million.

Officers acknowledged the seven bear allegedly duped as a minimum 182 victims into investing in initiatives moving low risk nonetheless attracting excessive returns, resembling developing aged care homes.

They affirm the alleged scammers in actuality commenced work on some initiatives to form them seem official, and gave the merchants tours to those sites.

The alleged victims were urged they’d change into firm directors, and must light experience returns of up to 70 percent, the force acknowledged.

Most of the victims are acknowledged to be retirees or professionals who were moving to elongate their financial savings.

One of them lost as grand as HK$5.7 million.

The force entreated participants to be extra vigilant earlier than making investments.

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